US housing market is flashing a warning sign.
Sellers outnumber buyers by 51.3% in July—nearly matching the all-time high from December. That gap has doubled in just two years.
Active buyers dropped to 966,752, a record low. Sellers fell too, but barely. The imbalance is stark.
Result? 80% of major metros are now buyer's markets. Miami leads with sellers up 154% vs buyers.
When supply sits and demand fades, prices follow. If you're waiting for a better entry point on real estate, this data suggests it's coming.
The question isn't if prices soften—it's how fast and how far.
Sellers outnumber buyers by 51.3% in July—nearly matching the all-time high from December. That gap has doubled in just two years.
Active buyers dropped to 966,752, a record low. Sellers fell too, but barely. The imbalance is stark.
Result? 80% of major metros are now buyer's markets. Miami leads with sellers up 154% vs buyers.
When supply sits and demand fades, prices follow. If you're waiting for a better entry point on real estate, this data suggests it's coming.
The question isn't if prices soften—it's how fast and how far.
